Mainland property stocks posted broad gains, with LOGAN GROUP (03380) rising 3.74% to HK$1.11, COUNTRY GARDEN (02007) climbing 3.45% to HK$0.6, CH OVS G OCEANS (00081) advancing 2.85% to HK$2.53, and SHIMAO GROUP (00813) gaining 2.56% to HK$0.4 as of press time.

On the policy front, since August this year, first-tier cities including Beijing, Shanghai, and Shenzhen have successively implemented optimized purchase restriction policies. On September 19, the Shanghai Finance Bureau released a "Notice on Optimizing and Adjusting the City's Individual Housing Property Tax Pilot Related Policies." This notice represents the detailed implementation of the property tax improvements outlined in Shanghai's real estate market policies announced on August 25.

Guotai Junan Securities noted that first-tier cities including Beijing, Shanghai, and Shenzhen have recently implemented optimized purchase restriction policies, which, combined with the peak demand season, are expected to drive fundamental recovery. Additionally, August property data indicates that more policies are still needed to help the real estate sector achieve stabilization and recovery, with policy expectations continuing to be in an enhancement phase. Given that current real estate sector valuations remain low, the firm recommends accumulating property stocks on market dips.